RRBDLAW.com: NYSE Cases

FOR IMMEDIATE RELEASE:<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />Wall Street’s Dirty Little Secrets:Uncovered and analyzed at http://RRBDLAW.comhttp://RRBDLAW.comNovember 9, 2005Every month Wall Street’s regulators issue disciplinary decisions that fine and suspend stockbrokers and their firms --- but many of the more interesting stories get buried among the sheer volume of cases.Nationally-known regulatory lawyer Bill Singer analyzes the securities industry’s docket and provides insight and provocative commentary.Here are some of the more unusual New York Stock Exchange (NYSE) items Bill uncovered at http://RRBDLAW.com this month:

Getting “Drafted” Doesn’t Always HelpA well-known analyst who often appeared on television was barred for 3 months by the NYSE for prematurely releasing draft research reports to subject companies, competitors, institutions, employees, and customers. (Howard A. Rosencrans)

All In the Family?One former Morgan Stanley broker ripped off her sister, her brother-in-law, and her cousin by stealing funds from one and then repaying by stealing funds from the other. And as if that were an isolated case --- read about the broker who took the $1 million left to his sister upon her husband’s death (and she had two children 8 and 10), and how he lost over 63% of those trades.You’d think maybe he gave her discounted commissions?Shockingly, no! (Susan Jean Elvendahl; Thomas Gerard McNamara)

Not Exactly a Class Act.Would you believe the believe the case of the UBS PaineWebber broker who stole money from an elderly, retired, and mentally disabled client, and, for good measure, also tried to rip off the estate of a recently deceased client. (Joseph Edward Herndon)http://rrbdlaw.com/RegulatoryLinks/CASESOFNOTE/NYSE/2005.htm

RRBDLAW.com is a leading securities-industry legal/regulatory website.The content is published by Bill Singer, a veteran Wall Street regulatory lawyer who represents both the industry and the public.CONTACT INFORMATION:Bill Singerrrbdlawyer@aol.com917-520-2836 http://www.rrbdlaw.com

By clicking below, I acknowledge and agree to Penton's Terms of Service
and to Penton's use of my contact information to communicate with me about Penton's or its third-party
partners' products, services, events and research opportunities. Penton's use of the information I
provide will be consistent with Penton's Privacy Policy.

I acknowledge and agree to Penton's Terms of Service and to Penton's
use of my contact information to communicate with me about offerings by
Penton, its brands, affiliates and/or third-party partners, consistent
with Penton's Privacy Policy.*

Webinars and White Papers

What does it take to lead a high performing team? Are you seeing the kind of ROI from your next gen advisors that you need to? Do you know what you need to do to ramp up next gen performance quickly and efficiently? There are ways to support the efforts of your next gen team to be more productive in less time, but you have to know the secrets to leading a high performance team....More

With the Fed poised to hike rates for the first time since 2006, many investors are concerned about the risks to their bond holdings. But rising rates also have positive aspects for some investors....More

These articles from the Investments & Wealth Monitor focus on the challenges of longevity and how families can prepare, maximizing wealth over increasing life expectancies with social security, and long-term care and asset protection....More

Small-cap growth stocks have turned in strong performances year to date, but various macroeconomic events and cross currents exist in today's market environment. Learn what's behind the gains and where the opportunities for small-cap stocks can be found going forward....More